No Place For Old Men: Middle-Income Seniors Facing A Shortage Of Housing Options


No Place For Old Men: Middle-Income Seniors Facing A Shortage Of Housing Options


There will be 14.4 million middle-income seniors by 2029, and 56% of them will not be able to afford private-pay senior housing at today’s market rates, according to the National Investment Center for Seniors Housing & Care. How is the senior housing industry going to deal with that?

“Today’s housing stock simply cannot accommodate the influx of middle-income seniors projected to need seniors housing and care within 10 years,” NIC Chief Economist Beth Burnham Mace said. “Making seniors housing accessible to more middle-income seniors in the next decade requires innovation by real estate developers and investors to create and deliver affordable options."

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RSK: This will become a major problem for a major sector of the housing market. Forget the kids living with the parents...it will be parents living with the kids.

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- - Volume: 7 - WEEK: 29 Date: 12/3/2021 6:11:38 PM -